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Category: Indiana

Indiana Taxable Social Security and/or Railroad Retirement Benefits Deduction

Indiana does not tax Social Security income or the railroad retirement benefits that are issued by the U.S. Railroad Retirement Board. Taxable Social Security income from Federal 1040, line 20b, is automatically deducted from Indiana income in your TaxSlayer account. Within your Indiana state return with TaxSlayer, you will only need to enter the portion of taxable retirement income from Federal Form 1040, line 16b or Federal Form 1040A, line 12b.

IMPORTANT: Do not enter any other types of pension or retirement income on these lines.


Note: See the Railroad Unemployment and Sickness Benefits Deduction instructions on page 21 of the IT-40 Booklet if you have received unemployment and/or sickness benefits from the Railroad Retirement Board.